Komerce Receives Initial Funding from Achmad Zaky and 500 Global

Solution provider startup e-commerce enablers Komerce announced that it had received initial funding with an undisclosed amount from Achmad Zaky and 500 Global. Commercial will use these funds for product development and new user acquisition.

Before signing in as angel investors in Komerce, Zaky also invests through Achmad Zaky Foundation (AZF) with the Indigo Telkom Acceleraton Program in 2021. Another note, Zaky is one of the Limited Partners (LP) in the Global 500. The relationship between Zaky and 500 Global has been around for a long time since the early stage VC injected funds into Bukalapak when it was just starting out.

In an official statement, Komerce Co-Founder & CEO Nofi Bayu Darmawan said that this funding will help them develop products and expand into new markets. “We believe that E-commerce "has great potential to help MSMEs in Indonesia to develop," he said, Monday (26/2).

Zaky expressed his high optimism regarding Komerce's potential in helping MSMEs in Indonesia to develop. “Komerce has a strong and experienced team in the field e-commerce," he said.

Global 500 Managing Partner Khailee Ng added, “We are very impressed with the Komerce team and their vision to help MSMEs in Indonesia to grow.” It is stated that currently the Global 500 has invested in more than 3 thousand startups spread across more than 70 countries.

Commercial Development

Commerce founded in 2020 by Nofi Bayu Darmawan together with Syaefullah Syeif (COO) and Satriyo Budi Utomo (CTO) who joined a year later. This startup provides complete solutions for MSME operations end-to-end, start from the remote team for development e-commerce, aggregator delivery, e-fulfillment, omnichannel SaaS, CRM and other solutions. If detailed as follows:

1. Komtim: this service allows MSMEs without the hassle to hiring & onboarding find talent remote workers with competitive salaries to help with operations E-commerce them, among others live streamer, customer support, marketplace admin, performance marketer, & social media management.
2. Komclass: do upskilling and training for MSMEs to grow further.
3. Komship: drives cost efficiency and complex operational management in terms of shipping management.
4. Kompack: for warehousing solutions, management, packaging of goods.
5. Komplace: for omnichannel and managing multiple marketplace sites in one dashboard. This service exists thanks to results acquisition of Boostr in August 2023.
6. Komchat: for promotional tools that allow sellers to send multiple messages to multiple WhatsApp numbers with one click.

Nofi said that the unique value proposition offered by Komerce is that it makes it easier and simpler for MSME entrepreneurs to manage operational activities. E-commerce from end to end with integrated customer data. The company also does not force them to use all existing services because each service provided is unique standalone.

"However, if MSMEs use more than one service, then their operational data is integrated with each other and can be useful in decision making. "This is the main difference compared to other competitors," he said.

Komerce targets small and medium scale businesses that want to maximize sales channels online or have used it, but not optimally from various operations as the main user.

There are recorded to be 3 million sellers online in Indonesia or equivalent to 38% of the total business actors carrying out transactions throughout 2022, citing the Central Statistics Agency (BPS). Mapping of sales actors online still dominated by big cities in Indonesia. This provides an opportunity for MSMEs in tier 3 and 4 cities to take part in taking advantage of trends and sales potential. online.

It is claimed that Komerce has attracted 25 thousand MSMEs that have registered and transacted in their ecosystem, has more than 10 warehouses, 450 e-commerce talent, as well as more than 2 million transactions handled over the past year. The total number of permanent employees reaches more than 100 people, headquartered in Purbalingga, Central Java.

This startup also claims to have recorded profitability in early 2023 and posted a 300% (YoY) increase in revenue compared to the previous year.